Capital gains...
Wednesday, March 30
I recently liquidated my negative cash flowing money pit investment property and am now experiencing added heartburn as a result of the outrageous tax bill that will be levied by the IRS. Now I'm no expert when it comes to financial matters, but I was under the impression that I would be taxed on...
Two birds, one stone. One down, one to go!
Sunday, July 19
A lot has happened since the last posting. I obtained my realtor's license and signed on with a small brokerage. Additionally, I now have a ratified contract on one of my two investment properties. I must say that the whole experience has been educational on a number of fronts, to say the least.F...
Two birds, one stone. The exit strategy
Saturday, June 06
Well, it has been a while... Since my last posting, I have been busy with attending real estate investor meet-ups, webinars, and taking classes on real estate and starting a business. I have also been working with a couple of mentors who have assigned some demanding tasks and offering sound advic...
Two birds, one stone. After the first year.
Tuesday, April 21
Previously, I shared my experience with purchasing and renting out 2 properties to my first generation of tenants. Needless to say, I learned a lot about my instincts and the importance of following a recipe. It wasn't what I wanted, and I tried to stagger the vacancies, but I managed to vacate t...
Two birds, one stone. Time to face the reality
Thursday, April 16
In my last post, I described how I became the proud owner of 2 investment properties. I followed the recipe and did all the right things to finance them for the long term. Now it was time to spruce them up a bit and get them rented out. I figured I would start out by taking care of the one place ...
Two birds, one stone. 11 years and counting
Saturday, April 11
I have finally taken the exciting and equally terrifying first step by setting my goal. I will end my professional 9 to 5 career of over 30 years at the end of December this year (2015) and will have hopefully begin my new career as a real estate investor. But why does my title state 11 years? I...